Question 1

Companies that sell goods to consumers over the Internet are engaging in:

Accepted Answer

A)  B2C transactions.
B)  IOU transactions.
C)  B2B transactions.
D)  Y2K transactions.E) B) and C)
F) C) and D)

Question 2

In countries where businesses are government owned:

Accepted Answer

A)  there is less incentive to work hard.
B)  the right amount of each good is produced.
C)  profits tend to be higher.
D)  the quality of goods is high but profits are low.E) A) and B)
F) A) and C)

Question 3

People between the ages of 65 and 74 represent:

Accepted Answer

A)  the unemployed generation
B)  the single-parent family generation
C)  a lucrative market
D)  a group that has never contributed to social securityE) A) and B)
F) A) and C)

Question 4

The business-to-business segment of e-commerce is of less importance than the business-to-consumer segment of e-commerce.

Accepted Answer

A) True 
 B)False

Question 5

Ben and Chris combined their love of hockey with a business venture.They purchased a small portable cart and began selling hockey memorabilia outside of the hometown hockey arena.Their first year went well,but this past year has been a real struggle.Due to poor economic conditions including a loss of jobs,ticket sales at the arena are down,which has significantly hurt their sales as well.As a recent business school graduate,you explain to Ben and Chris:

Accepted Answer

A)  this type of business is always high risk because it is seasonal.
B)  the business does not fill a sufficient need for most people.
C)  environmental circumstances are dynamic and tough to control.
D)  social entrepreneurs are currently getting most of the attention.E) None of the above
F) A) and C)

Question 6

The databases of a business often include a great deal of information about the firm's customers.

Accepted Answer

A) True 
 B)False

Question 7

Taxes and government regulations are part of the economic and legal environment in which businesses operate.

Accepted Answer

A) True 
 B)False

Exam 1: Taking Risks and Making Profits Within the Dynamic Business Environment

The databases of a business often include a great deal of information about the firm's customers.

Correct Answer
verified

Taxes and government regulations are part of the economic and legal environment in which businesses operate.

Correct Answer
verified

In countries where businesses are government owned:

Correct Answer
verified

Companies that sell goods to consumers over the Internet are engaging in:

Correct Answer
verified

Correct Answer
verified

The business-to-business segment of e-commerce is of less importance than the business-to-consumer segment of e-commerce.

Correct Answer
verified

People between the ages of 65 and 74 represent:

Correct Answer
verified

Exam 1: Taking Risks and Making Profits Within the Dynamic Business Environment

The databases of a business often include a great deal of information about the firm's customers.

Correct AnswerverifiedShow Answer

Taxes and government regulations are part of the economic and legal environment in which businesses operate.

Correct AnswerverifiedShow Answer

In countries where businesses are government owned:

Correct AnswerverifiedShow Answer

Companies that sell goods to consumers over the Internet are engaging in:

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

The business-to-business segment of e-commerce is of less importance than the business-to-consumer segment of e-commerce.

Correct AnswerverifiedShow Answer

People between the ages of 65 and 74 represent:

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified